Target Industries
The Western Whiteside area has historically been based almost exclusively on agriculture and manufacturing activities. Although the agricultural sector remains a primary source of economic output, it has declined as a significant employer as technological advancements and consolidation of farming operations have made it more capital intensive. The economic transformation of the U.S. and global manufacturing sector has led to the closure or reduction of several manufacturing operations in the region.
Even as some of the local economic mainstays have faded, other sectors such as healthcare, education, and business services have provided new job opportunities. The manufacturing sector, while still employing nearly a quarter of the workforce, has declined significantly in the past decade. At the same time education, healthcare, and social services have grown rapidly and are projected to exceed the manufacturing sector by 2015.
The transportation and warehousing, and utilities sector is another group that, currently small in employment, has grown rapidly in the past decade as logistics and distribution companies have taken advantage of the region’s road, rail, and river connections.
Whiteside County maintained high employment concentrations in the Electrical Equipment, Appliance, Component Manufacturing, and Fabricated Metal Products Manufacturing sectors during from 2002-2009. To a lesser extent, Educational Services, General Merchandise Stores, and Nursing and Residential Care Facilities also remained high employment concentrations. The strong presences of these industries suggest that they are especially well-suited to the area in terms of market access and/or business cost conditions and may be desirable recruitment or expansion prospects.
Source:Assessing Economic Opportunities in Western Whiteside County
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Retail Sales and “Pull Factors”
Retail Sales (2010) |
Income-Adjusted Pull Factor |
|||||||
Store Group |
Number |
% of Total Sales |
||||||
Total Retail Sales |
$67,775,117 |
100.0 |
0.39 |
|||||
Gasoline Stations Stores |
$17,868,615 |
26.4 |
0.82 |
|||||
General Merchandise Stores |
$11,838,655 |
17.5 |
0.59 |
|||||
Food Services and Drinking Places |
$13,022,440 |
19.2 |
0.46 |
|||||
Sporting Goods Stores |
$587,818 |
0.9 |
0.33 |
|||||
Food and Beverage Stores |
$9,464,259 |
14.0 |
0.32 |
|||||
Building Materials and Garden Stores |
$1,778,631 |
2.6 |
0.31 |
|||||
Health and Personal Care Stores |
$1,901,260 |
2.8 |
0.30 |
|||||
Non-Store Retailers |
$2,863,759 |
4.2 |
0.27 |
|||||
Furniture and Home Furnishings Stores |
$1,230,758 |
1.8 |
0.27 |
|||||
Miscellaneous Retail Stores |
$679,374 |
1.0 |
0.26 |
|||||
Motor Vehicles and Parts Dealers |
$6,209,802 |
9.2 |
0.19 |
|||||
Clothing and Accessories Stores |
$247,268 |
0.4 |
0.04 |
|||||
Electrical and Appliances Stores |
$82,577 |
0.1 |
0.02 |
|||||
Sources: ESRI Business Analyst Online, Retail MarketPlace Profile, 2010. Example: Pull factor of .50 indicates that half the sales for that category are going to establishments outside the area.
Retail Surplus/Leakage by Store Group |
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Retail Sales (2010) |
|
|
||||||
Potential (Demand) |
Actual (Supply) |
|
Surplus/Leakage Factor |
|||||
Store Group |
Retail Gap |
|||||||
Total Retail Sales |
$198,787,879 |
$67,775,117 |
$131,012,762 |
49.1 |
||||
Clothing and Accessories Stores |
$8,068,342 |
$247,268 |
$7,821,074 |
94.1 |
||||
Electrical and Appliances Stores |
$2,356,398 |
$82,577 |
$2,273,821 |
93.2 |
||||
Non-Store Retailers |
$21,703,243 |
$2,863,759 |
$18,839,484 |
76.7 |
||||
Motor Vehicles and Parts Dealers |
$38,978,290 |
$6,209,802 |
$32,768,488 |
72.5 |
||||
Building Materials and Garden Stores |
$7,010,530 |
$1,778,631 |
$5,231,899 |
59.5 |
||||
Food and Beverage Stores |
$30,133,487 |
$9,464,259 |
$20,669,228 |
52.2 |
||||
Furniture and Home Furnishings Stores |
$3,724,082 |
$1,203,758 |
$2,493,324 |
50.3 |
||||
Miscellaneous Retail Stores |
$1,693,347 |
$679,374 |
$1,013,973 |
42.7 |
||||
Food Services and Drinking Places |
$27,713,086 |
$13,022,440 |
$14,690,646 |
36.1 |
||||
Health and Personal Care Stores |
$4,015,076 |
$1,901,260 |
$2,113,816 |
35.7 |
||||
General Merchandise Stores |
$20,163,386 |
$11,838,655 |
$8,324,731 |
26.0 |
||||
Gasoline Stations Stores |
$32,517,349 |
$17,868,516 |
$14,648,833 |
29.1 |
||||
Sporting Goods Stores |
$711,263 |
$587,818 |
$123,445 |
9.5 |
||||
Sources: ESRI Business Analyst Online, Retail MarketPlace Profile, 2011. Closer to 100 means sales expectations are being met within Western Whiteside. | ||||||||
Location Quotients
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